Intelligence Everywhere
The MicroStrategy Blog: Your source for analytics and AI trends, and business intelligence insights.
Supercharging Data Professionals with AI-Driven BI
“Data-driven business” is a buzz-word phrase right now. But how many organizations actually integrate data into business processes and decision-making? The latest Ventana Research suggests that a number are trying but face a multitude of challenges.
Ventana Research, now part of leading global technology research and advisory firm ISG, recently found only one-quarter of organizations currently use artificial intelligence (AI). According to the study, commissioned by MicroStrategy, 34 percent intended to adopt AI within the next year, with 87 percent planning to eventually incorporate AI.
The widespread availability of generative AI has accelerated progress in the field. Introduced to the mainstream in late 2022, Gen AI simplifies interaction with data and analytics. Generative AI uses natural language processing to help both everyday users and experienced data experts. It unlocks many capabilities of analytics software, making them accessible to a wider audience.
Business value from AI and BI
Gen AI-powered chatbots can assist the data professional in many tasks, including:
Building data models
Preparing data for analyses
Joining tables
Summarizing data
Creating the semantic model to support analyses
This AI assistance not only simplifies the tasks but also saves time. Data professionals gain productivity from smoother work processes. LLMs and Gen AI streamline their work with SQL and processing or creating data models. Instead of having to craft the required SQL statements or other code, data professionals can enter a natural language description of what is needed, and Gen AI can produce the appropriate, optimized response.
At the same time, making AI capabilities accessible to the end-user can also free up data professionals—such as data scientists—to focus their time and attention on more complicated tasks. Business users can find the answers they need to make informed decisions using Gen AI. They do not need help from data professionals, even if they lack data skills.
Data visualization with AI and BI
Natural language processing (NLP) and Gen AI also enable data professionals to instantly design and build powerful visualizations and dashboards to convey information to the end user.
With Gen AI-powered business intelligence tools, the data expert simply describes the type of analysis they want to perform, which data to use, and how to display the analysis and BI tools enhanced with AI can provide a first draft.
That data visualization may need fine tuning, but time is saved with a well-developed starting point. Plus, the data professional can make the necessary revisions with NLP instructions. This supports enhanced productivity and enables the professional to share information more efficiently.
The marriage of AI and BI empowers the enterprise to improve the democratization of access to data. Data professionals no longer must do the heavy lifting to break down barriers to data insights and understanding. With Gen AI support, they can enhance data-driven decision-making by making it possible for more people to access, analyze, and take action with data sets.
Bonding AI + BI with the support of a seasoned vendor
Realizing the full business value of AI for your organization can be expensive and time consuming. Training LLMs and generative AI at work typically requires large amounts of data, high-powered computing resources, and the skills, and time, of data professionals to set the systems in motion. But there’s a simpler way to bring the power of Gen AI and BI to your business.
By partnering with a BI vendor, such as MicroStrategy, you can reap the benefits of Gen AI capabilities developed based on widely used, enterprise-ready LLMs. Your business doesn’t need to start from scratch. Nor does it have to worry about keeping up with the latest developments in a field that is undergoing regular disruptions.
Using ready-made tools can improve your business quickly and effectively. These data analysis tools highlight your unique data and provide customized insights. This approach is often better than creating solutions in-house.
Learn more about the current state of data management, working with data, AI, and BI from the Ventana Research eBook. See what’s possible with MicroStrategy Auto Express. Contact us today.